ram. 

#55 


Conf  Pam  12mo  #55 


t 


■ 

[  Secret.] 
HOUSE  OF  REPRESENTATIVES,  February  20,  1863. 


MR.  GARNETT'3  AMENDMENT 
To  Bill  of  the  Senate  "  To  provide  for  the  further  issue  of  treasury 
notes  and  for  other  purposes/'  by  striking  out  all  after  the  enacting 
clause,  and  inserting  in  lieu  thereof  the  following  : 

1  That  all    treasury    notes    not  bearing    interest,    issuer!    on 

2  and  after  the  first  day  of  June,  1833,  and  before  the  first  day  of 

3  November,  1863,  shall  be  fundable  in  bonds,  bearing  titerest  at 

4  the  rate  of  six  per  centum  per  annum. 

1  Sec.  2.  That  all  treasury  note3  not  bearing  interest,  issued  on 

2  and  after  the  first  day  of  November,  1833,  shall  be  fundable  in 

3  bonds,  bearing  interest  at  the  rate  of  five  per  centu^  fer  annum. 
1         Sec.  3.  The  Secretary  oi  Ov0  Treasury  is  authorized   to  issue 

.  2  an  amount  of  treasury  notes  sufficient  to  meet  the  appropriations 

3  heretofore  made,  or  which  may  be  made  at  this  session,  and  also 

4  certificates  of  stock  or  bonds,  sufficient  to  fund  the  treasury  notes 

5  hereby  authorized  to  be  issued.     Such  stock  or  bonds  shall  be 


2 

6  made  redeemable  £ve  years,  and  payable  thirty  years,  after  their 

7  dates,  and  shall  in  other  respects  conform  to  existing  laws. 

1  Sec.   4.  Every  call  certificate  shall  hereafter  be  fundable  in 

2  such  stock  as  the  treasury  notes  lawfully   issuable  at  its  date, 

3  could  be  funded  in,  if  themselves  presented,  instead  of  the  call 

4  certificates ;  but  it  shall  be  payable  only  in   such  non-interest 

5  bearing  treasury  notes  a3  may  be  lawfully  issued  when  such  pay- 

6  ment  is  demanded. 

1  Sec  5.  The  Secretary  of  the  Treasury,  immediately  after  the 

2  passage  of  this  act,  shall  publish  it  for  one  month  in  at  least  two 
3\  newspapers  in  each  State ;  and  he  shail  every  month  publish  in 

4  \  one  or  more  newspapers  at  the  seat  of  Government  a  statement, 

5  showing  the  amount  of  each  class  and  description   of  treasury 

6  no\es  and  bonds  issued  and  redeemed  during  the  preceding  month, 

7  and  \Jso  the  amount  outstanding  on   the  first  day   of  the  said 
$  precedi^r  month,  and  on  the  first  day  of  the  current  month. 


13 


Hollinger  Corp. 
pH8.5 


